Acquisitions and Divestitures News in Egypt

Pharos Energy Announces Concession Agreement Amendment El Fayum Area
Pharos Energy Announces Concession Agreement Amendment El Fayum Area 3/30/2021 - Pharos is pleased to announce that it has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concess...
Shell Signs Agreement with Cheiron & Cairn for Its Interests in Egypt
Shell Signs Agreement with Cheiron & Cairn for Its Interests in Egypt 3/9/2021 - Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egy...
Wintershall, Cheiron & INA Sign Agreement for East Damanhour Exploration
Wintershall, Cheiron & INA Sign Agreement for East Damanhour Exploration 3/9/2021 - The Egyptian Minister of Petroleum and Mineral Resources, H.E. Eng. Tarek El Molla, has approved a deed of assignment agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the E...
Zenith Energy Announces Acquisitions Agreement in MENA Region
Zenith Energy Announces Acquisitions Agreement in MENA Region 1/11/2021 - Zenith Energy Ltd. ("Zenith") (ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has entered into a ...
Total Enters a New Operated Exploration Permit in Egypt
Total Enters a New Operated Exploration Permit in Egypt 1/4/2021 - An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement...
Sale of Dana Gas’ Onshore Egypt Producing Business to IPR Energy
Sale of Dana Gas’ Onshore Egypt Producing Business to IPR Energy 10/25/2020 - Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshore Egyptian producing oil and gas assets for a cons...
SDX Energy Announces Sale of Non-Core Egyptian Asset
SDX Energy Announces Sale of Non-Core Egyptian Asset 7/14/2020 - SDX Energy Plc (SDX) announces that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt. The purchaser, Gulf Energy, a private Egyptian...
Noble Energy Provides Second Quarter Update
Noble Energy Provides Second Quarter Update 7/9/2020 - Noble Energy, Inc. (NBL) (“Noble Energy”) provided an update on multiple fronts, including second quarter sales volumes and cost performance.

Second Qua...
Completion of Disposal of Rockhopper Egypt Pty Ltd
Completion of Disposal of Rockhopper Egypt Pty Ltd 2/28/2020 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that following satisfaction of the requisite condi...
Apache & Pharos Energy among Bidders for Shell's Onshore Assets
Apache & Pharos Energy among Bidders for Shell's Onshore Assets 2/26/2020 - Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. ...
Update on Completion of Rockhopper Acquisition
Update on Completion of Rockhopper Acquisition 2/20/2020 - United Oil & Gas Plc (UOG) is pleased to announce the satisfaction of the regulatory conditions attached to its proposed acquisition (Acquisition) of Rockhopper Egypt Pty Ltd., which holds a 22% inter...
Neptune Energy Signs Operated Exploration Licence for Gulf of Suez
Neptune Energy Signs Operated Exploration Licence for Gulf of Suez 2/12/2020 - Neptune Energy signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal Offshore Concession, underlining the company’s commitment to...
Wintershall Dea Signs Agreement for East Damanhour Exploration
Wintershall Dea Signs Agreement for East Damanhour Exploration 2/10/2020 - Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block. The block is located to the west of Wintershall Dea’s Disouq d...
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M 1/20/2020 - Petroleum Minister Tarek el Mulla signed nine agreements on oil and gas exploration in the Mediterranean and Western Desert with total investments of dollars 452.3 million. ...
Exxonmobil Secures Exploration Acreage Offshore Egypt
Exxonmobil Secures Exploration Acreage Offshore Egypt 12/30/2019 - ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. ...
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea 12/29/2019 - Minister of Oil and Mineral Wealth Tarek el Mulla announced that three companies have won the first international bid launched by South Valley Egyptian Petroleum Holding Company (GANOPE) in March for ...
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt 12/24/2019 - Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, have signed a Production Sharing Agreement for the South Ea...
Nostra Terra Provides Update on East Ghazalat in Egypt
Nostra Terra Provides Update on East Ghazalat in Egypt 11/19/2019 - Nostra Terra (NTOG) is pleased to announce that, further to the Company's announcement of 12 August 2019, Nostra Terra's wholly owned subsidiary, Nostra Terra Inc. (NTI) has reached a conditional agre...
Shell Appoints Citi for $1B Sale of Egypt Assets
11/15/2019 - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. ...
Israel-Egypt Gas Pipeline Deal Seen Imminent
Israel-Egypt Gas Pipeline Deal Seen Imminent 11/3/2019 - A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said.

Texas-based Noble Energy, Israel’...

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